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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a catch to offers of $100 when opening up a new checking account? ### Answer: There's no catch. Banks need to acquire customers just like any other business. One common way to acquire new cus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: There are several reasons why credit cards are popular in the US: On the other hand, debit cards do not have any of these going for them. A debit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a return-on-investment vs risk graph anywhere? ### Answer: Yes, there is a very good Return vs Risk graph put out at riskgrades.com. Look at it soon, because it will be unavailable after 6-3...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find out the Earnings Per Share of a Coca Cola Co Share? ### Answer: You're missing a very important thing: YEAR END values in (U.S.) $ millions unless otherwise noted So 7098 is not $7,098. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: It depends on where you are in life, and where you want to be at some point in the future, and the taxes, expenses and income at t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exchange rate does El Al use when converting final payment amount to shekels? ### Answer: In older days the merchants and their merchant banks[or service providers] would take funds in their curr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any disadvantages of Progress Draw Mortgage? ### Answer: Presumably, the inverse of the advantages? You are guaranteed the interest rate that is written on your mortgage commitment as long a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you ever turn down a raise in salary? ### Answer: In the UK, the government has recently announced that Child Benefit will no longer be paid to those who earn over £44k. This means that if y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does investment into a private company work? ### Answer: To me this sounds like a transaction, where E already owns a company worth 400k and can therefore pocket the money from D and give D 25% of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any benefits to investing with a group of friends vs. by myself? ### Answer: The benefits of pooling your money with others: The drawbacks of pooling your money with others: Practically Spea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Real Estate ever a BAD investment? If so, when? ### Answer: No, it can really not. Look at Detroit, which has lost a million residents over the past few decades. There is plenty of real estate whic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: Congratulations on getting started in life! John Malloy's (American) research suggests that you should take some time to get used...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Financing with two mortgages: a thing of the past? ### Answer: Depends on where we are in the credit cycle. When banks are scared like in 07 to 11, good luck. Now (13), they'll probably start begging...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best approach to save money for College for three kids? ### Answer: In your situation you will be using your normal savings to offset additional funding from student loans or similar finan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Solid reading/literature for investment/retirement/income taxes? ### Answer: Something that introduces the vocabulary and treats the reader like an intelligent individual? It's a bit overkill for 'ret...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: Easy... Use cash, or keep a ledger. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: I think the primary reason it is so pricey now is that it is an inflation hedge, and considering how shaky the economies and out of control the spending is in man...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my car loan within the year? ### Answer: First, don't owe (much) money on a car that's out of warranty. If you have an engine blow up and repairs will cost the lion's share of the ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: I would like to establish credit history - have heard it's useful to gain employment and makes it easy to rent an apartment? Hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it make sense to sell a stock, then repurchase it for tax purposes? ### Answer: What you're talking about is called "tax gain harvesting," and it is considered good tax management. From The Obli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: For one thing fund managers, even fund management companies, own less money than their clients p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky are penny stocks? ### Answer: Penny stocks are only appealing to two types of investors: Most of the beginners who invest in penny stocks only do so because they don't have a lot of money to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to keep track of your credit card transactions, to reduce likelihood of fraud? ### Answer: There are some tools that might help you. For example, I have an "Expense It" application ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What strategies can I employ to maximize my return on investments? ### Answer: The first step in improving your return on an investment is to clearly define the potential return or returns you might g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a foreclosed property ### Answer: That may depend largely in which country you are in, the legislation in that country and the state of the economy and property market (more specifically) at th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long does it take for a Tangerine no-fee money-transfer email to be delivered? ### Answer: I phoned Tangerine; they enlightened me. It generally takes 2 hours for the email to arrive. Next, the re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should you use an actively managed mutual fund in a 401k? ### Answer: For US stocks it's a bit of a gamble. Many actively managed funds underperform the market indexes, but some of them outperfor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: PayPal wants me to “add a bank account”, another funding source. Credit card isn't working. Why? ### Answer: I'm pretty sure it's merchant-dependent. If a credit card transaction doesn't go through, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with the credit card debt from family member that has passed away? ### Answer: Don't pay it, see a lawyer. Given your comment, it will depend on the jurisdiction on the passing of the hou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this investment opportunity problematic? ### Answer: Your Spidey senses are good. A good friend would not put you in such a position. It's simple, to skirt some issue (we'll get to that in a second...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explain: “3% annual cost of renting is less than the 9% annual cost of owning” ### Answer: The house that sells for $200,000 might rent for a range of monthly numbers. 3% would be $6000/yr or $500/mo....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any countries where citizens are free to use any currency? ### Answer: If I understand correctly, you're actually asking why there isn't a society whose members generally accept/use any curr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone buy a government bond? ### Answer: Great question. There are several reasons; I'm going to list the few that I can think of off the top of my head right now. First, even if institutio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deductible expenses paid with credit card: In which tax year would they fall? ### Answer: Assuming that it's not inventory that is sold in the following year or a depreciable asset, you can deduct it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do amortization schedules work and when are they used? ### Answer: Amortization is the process by which your loan balance decreases over time. For both mortgages and credit card balances, your int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “retail revolving account,” and does it improve my credit score? ### Answer: A retail revolving account is a more formal name for a general credit card. A revolving account is an account c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: Some of the other answers recommended peer-to-peer lending and property markets. I would not invest in either of these. Firstly, peer-to-peer lending is not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay quarterly 1040 ES and 941 (payroll)? ### Answer: I'm not sure why you're confusing the two unrelated things. 1040ES is your estimated tax payments. 941 is your corporation's payroll t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax question about selling a car ### Answer: I don't think there's much you can do. Losses from the sale of personal-use automobiles (used for pleasure, commuting, etc) are not deductible as capital l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: I think Peachtree is a double entry system ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to increase my credit score ### Answer: You need to get yourself a credit card, and use it regularly and also repay on time. This will help increase your credit score. Hope you have a regular job...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Determine share price from S-1 for company that was bought before going public ### Answer: To add to @keshlam's answer slightly a stock's price is made up of several components: the only one of these ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Identifying “Dividend Stocks” ### Answer: If you don't have a good knowledge of finance, maybe you should not put too much money in individual stocks. But if you really want to invest, you can just co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the ESPP discount profit? ### Answer: The difference is ordinary income. If the price drops and you sell for exactly what you paid, you have an income of D and a capital loss of D which usually can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK Resident exploring freelance work for a Swiss Company ### Answer: You will need to register as self-employed aka sole trader (that's the whole point: pay taxes on income that you're not getting as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Risks associated with investing in dividend paying stocks for short term income. Alternatives? ### Answer: I wouldn't focus too much on dividends itself; at the end of the day what matters is total ga...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what state should I register my web-based LLC? ### Answer: Register in Nevada. It's a no brainer. I understand that it's not a great deal of money, but if you can save several hundred dollars per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I screen for stocks that are near to their 52 weeks low ### Answer: There is a great 3rd party application out there that I use (I am a broker) along with my internal analysts and other 3rd par...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what ways is IEX different than a typical dark pool or a typical exchange? ### Answer: You've said what's different in your question. There's 330 microseconds of network latency between IEX and any...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Huge return on investment, I feel like im doing the math wrong ### Answer: And now it is at about $3. Many times "skeletons" are bought and inflated for various reasons. Some are legitimate (for examp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? ### Answer: Which to do is determined by how you like to consume cars. If you don't drive a lot an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In Canada, can a limited corporation be used as an income tax shelter? ### Answer: (Disclaimer: I am not an accountant nor a tax pro, etc., etc.) Yes, a Canadian corporation can function as a partial ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest 100k ### Answer: The best way to invest in college for your kid is to buy an investment property and rent it out. You might think I am really crazy to ask you to you to buy a real estate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the basis of an asset that is never depreciated? ### Answer: That's tricky, actually. First, as the section 1015 that you've referred to in your other question says - you take the lowest of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does SIPC protect securities purchased in foreign exchanges? ### Answer: I have received a response from SIPC, confirming littleadv's answer: For a brief background, the protections available under th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a mortgaged house ### Answer: Just as a renter doesn't care what the landlord's mortgage is, the buyer of a house shouldn't care what the seller paid, what the current mortgage is, or any other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to withdraw money from currency account without having to lose so much to currency conversion? ### Answer: In answer to the "how I can perform withdrawal with the lower rate (having GBP)?" part of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gigantic point amount on rewards card - what are potential consequences? ### Answer: Of course, as a 'good' person (or maybe a 'stupid' person), I should call them, (wait 30 minutes in the queue), and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are support and resistance of a stock? ### Answer: Support and resistance points indicate price levels where there have been a large amount of trading activity, usually from institutions, that te...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify $7k across ETFs and stocks? ### Answer: You don't really have a lot of money, and that isn't a criticism as much as that you are limited to diversification. For example, I would e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: If you carried a balance from the last month, then pay the card off as soon as possible. Otherwise I agree with @mb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need a loan to buy property in India. What are my options? ### Answer: In USA, if you take a personal loan, you will probably get rates between 8-19%. It is better that you take a loan in India, as ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Thinking of doing an MB ### Answer: Is an $80K top MBA school better than a $24K online MBA school? A: If you can get into the top school, it's a no-brainer to go that route. An MBA at a top school w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard check format in the USA? ### Answer: No, there is no standard. I see all kinds of paper sizes, and the amount, date, etc. is all over the place. They are all rectangular, but other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How come the government can value a home more than was paid for the house? ### Answer: The real answer why the government is "allowed" to do something is because they are the government and they make ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is 'consolidating' debt and why do people do it? ### Answer: Debt consolidation is basically getting all your debt into one loan. This is possibly more convenient, and lets you close the other ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Although there are some good points made here as to the cause of inflation (mostly related to supply and demand), ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: No, don't bother. You need to decide what you are saving for, and how much risk you are prepared to take. It would make sense if you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of a Swiss bank account? ### Answer: This doesn't answer your question, but as an aside, it's important to understand that your second and third bullet points are completely in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my rental property or keep it if it has mold growth problems? ### Answer: I'm going to assume that you will spend the money to fix the mold problem correctly. Using your numbers, after ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I open a Solo 401(k) if I am an independent contractor but also work part-time as an employee? ### Answer: I'm in a similar situation as I have a consulting business in addition to my regular IT j...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most common types of financial scams an individual investor should beware of? ### Answer: Affinity fraud. You see, Madoff really didn't have to sell himself, people recommended him to their friends. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Military Separation ### Answer: It's not usually a good idea to buy a house as an investment. Buy a house because you want the house, not for an investment. Your money will make more money invested so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting from self during out of area remodel project - deductible? ### Answer: There are certain situations where you could legally pay yourself rent, but it'd be in the context of multiple business e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FICA was not withheld from my paycheck ### Answer: Should I have a W-2 re-issued? A W-2 can be corrected and a new copy will be filed with the IRS if your employer incorrectly reported your income and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Real Estate ever a BAD investment? If so, when? ### Answer: As Yishani points out, you always have to do due diligence in buying a house. As I mentioned in this earlier post I'd highly recommend r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy ~$2200 of a hot stock or invest elsewhere? ### Answer: Your debt is insane. Forget investing, pay off your debt. You owe 100% of your salary, with only one smallish asset (6K in the ban...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a bank make money on an interest free secured loan? ### Answer: If interest rates are negative, a 0% load might still be profitable. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: For your girlfriend (congrats to you both on the coming new baby!), full-time mothers often become work-at-home moms using ski...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Your goal of wanting to eliminate your debts early is great. Generally, you can save more money by paying off loans with h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What software do you recommend for Creating a To-The-Penny, To-The-Day Budget? ### Answer: I wrote a little program one time to try to do this. I think I wrote it in Python or something. The idea was...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where are the non floated Groupon shares ### Answer: The original investors and founders own them. Think about it this way - When you hear that an IPO priced at $10 opened at $50, is that 'good or 'ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can somebody give a brief comparison of TSP and IRAs? ### Answer: The TSP is similar to a 401K. If you were hired as a federal employee on or after 1 January 1987 you are under the FERS retirement pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: which types of investments should be choosen for 401k at early 20's? ### Answer: Split your contributions evenly across the funds on that list with the word "core" or "S&P" in the name. Maybe add "In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most important skills needed to select profitable stocks ### Answer: Coolness - It's not only a matter of staying calm when being up or down. You must keep yourself from chasing a stock that appears t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do moving average acts as support and resistance? ### Answer: It's not stopped. Crossing a moving average is considered a signal to buy or sell. Yahoo stock charts offer the ability to add moving ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I put on a house? ### Answer: I Usually would not say this but if you can just put down 20% I would do that and get a 15 year mortgage. The rates are so low on 15 year mortgage ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are American-style options worth more than European-style options? ### Answer: OK, my fault for not doing more research. Wikipedia explains this well: http://en.wikipedia.org/wiki/Option_style#Dif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good rental yield? ### Answer: Historically that 'divide by 1000' rule of thumb is what many people in Australia have thought of as normal, and yes, it's about a 5.2% gross yield. Net of ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If early exercise is a bad idea, why American option is more expensive than European [duplicate] ### Answer: There are a few situations in which it may be advantageous to exercise early. Wikipedia act...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can I get to help me roll my 401(k) into an IRA when I live overseas? ### Answer: This is more of a general answer about your situation than a specific answer to your question. You might consider...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If banks offer a fixed rate lower than the variable rate, is that an indication interest rates may head down? ### Answer: Usually that is the case that when fixed rates are lower than the variable rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage loan and move money to US ### Answer: Let me restate question for clarity. Facts: Question: Are there any taxes for this transaction? Answer: (Added improvements provided by Eric) Generally N...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: One other aspect of this is that the bank will plan to eventually approach the merchant that they are sending paper checks to and say ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct interest and fees on a loan for qualified medical expenses? ### Answer: IRS Publication 502: Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of dis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: I think playing certain kinds of lottery is as economically sound as buying certain kinds of insurance. A ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get car loan w/ part time job as student with no credit, no-cosigner but no expenses ### Answer: Ben already covered most of this in his answer, but I want to emphasize the most important part of gett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: I've run into two lines of thinking on cars when the 0% option is offered. One is that you should buy the car with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book capital losses in gnucash ### Answer: It depends on whether or not you are referring to realized or unrealized gains. If the asset appreciation is realized, meaning you've sold the asset and act...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? ### Answer: Why not just get another credit card and transfer the balance? Many of them will give you ...